New Rules Let Banks Trade Venezuela 2020 Bonds Again
Published Date: 6/10/2026
Rule
Summary
The Treasury Department just made official two important updates to Venezuela sanctions rules, called General Licenses 5U and 5V. These licenses let certain financial transactions involving Venezuela’s 2020 bonds happen legally starting March 20, 2026, replacing older rules. If you deal with Venezuelan bonds, these changes could impact your money moves and timing, so keep an eye on the new dates and permissions!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
GL 5U: PDVSA 2020 Bond Transactions Allowed
If you deal in the Petróleos de Venezuela, S.A. 2020 8.5% bond, General License (GL) 5U (issued February 2, 2026) authorizes transactions, financing, and other dealings that would otherwise be prohibited by the Venezuela Sanctions Regulations on or after March 20, 2026. GL 5U replaced and superseded GL 5T effective February 2, 2026.
GL 5V: Updated Authorization and New Effective Date
General License 5V (issued March 19, 2026) authorizes the same kinds of transactions, financing, and dealings in the Petróleos de Venezuela, S.A. 2020 8.5% bond on or after May 5, 2026. GL 5V replaced and superseded GL 5U effective March 19, 2026.
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Key Dates
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Related Federal Register Documents
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Previous / Next Documents
Previous: 2026-11614, Publication of Iran-Related Web General Licenses U and V
The Treasury’s Office of Foreign Assets Control (OFAC) published two special Iran-related licenses called GL U and GL V. These licenses let certain transactions happen that are usually banned under U.S. sanctions, but both had set expiration dates in 2026. If you’re involved in business or finance connected to Iran, these licenses gave you a temporary green light to operate within specific rules.
Next: 2026-11616, Publication of Venezuela Sanctions Regulations Web General Licenses 48A and 49A
The U.S. Treasury just made official two updated licenses (48A and 49A) that let certain U.S. businesses provide goods and services related to Venezuela’s oil, gas, and electricity sectors, even though sanctions are in place. These changes help companies work with Venezuela’s government and its oil giant PdVSA under clear rules, starting from March 13, 2026. If you’re involved in these industries, this means new opportunities with some important contract and payment rules to follow.